Technical
Financial
Distress signals
Property profile

15 Morin St Biddeford, ME 04005

OFF-MARKET
Manufacturing properties
Property ID
US42-0112953
53,588 SF 6.4 ac lot Built 1975
Entity Owned 5-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This Biddeford, Maine industrial warehouse offers 3,000 to 6,000 square feet of flexible space for lease within a larger 53,588 square foot building situated on a 6.4-acre lot. Located in the Biddeford Industrial Park, this property boasts convenient access to major highways, making transportation and logistics seamless. The warehouse features 12' to 14' clear ceiling heights, providing ample vertical space for storage and operations. Access is provided via one 12' wide x 8' high drive-in overhead door, leading to a shared but partitioned warehouse area. Each unit includes a private entry to its own shipping/receiving/assembly room and private offices. The property is zoned I1-Industrial and includes ample on-site parking. Electrical service is robust, featuring 3-phase, 4-wire, 2000 Amp, 277/480 power. Built in 1975, this property presents a great opportunity for a variety of industrial users seeking a well-located and functional space in a highly desirable area. The property's APN is Map 12, Lot 23, York County. The building consists of a single suite, with 6,000 square feet currently vacant. This listing is ideal for businesses requiring between 3,000 and 6,000 contiguous square feet.

Property profile

Verified
Property type Manufacturing properties
Use group MANUFACTURING (LIGHT)
Year built 1975
Construction STEEL FRAME
Total area 53,588 SF
Lot 6.4 ac (278,784 SF)
Zoning code I1
APN BIDD M:12 L:23
UPID US42-0112953

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Real Estate Agency
  • Sports Field & Court
  • Factory Production Facility
  • Building Supply Electrical Service
  • Insurance Agency

Location

15 Morin St Biddeford, ME 04005-4403
Biddeford metro Census 25100 PORTLAND-SOUTH PORTLAND-BIDDEFORD, ME METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$955k
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.34M
Blend (final) Blend
$1.15M

Owner & transaction history

since 2021
7 recorded transactions
2021
Price N/A
2016
Price N/A
2014
Price N/A
2007
Price N/A
2005
Price N/A
2005
Price N/A
1969
Price N/A

Zoning & alternative use

I1 · Biddeford, ME
Zoning description

The I1 district allows for general commercial and industrial uses

General category INDUSTRIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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